Short Interest in Danone S.A. (OTCMKTS:DANOY) Drops By 87.4%

Danone S.A. (OTCMKTS:DANOY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 72,300 shares, a drop of 87.4% from the November 30th total of 573,000 shares. Based on an average daily volume of 740,000 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Danone to a “hold” rating in a research note on Tuesday, December 17th.

Danone Price Performance

OTCMKTS:DANOY traded up $0.03 during trading hours on Thursday, reaching $13.34. 259,558 shares of the company traded hands, compared to its average volume of 355,451. The firm’s 50-day moving average is $13.82 and its 200-day moving average is $13.58. Danone has a 1-year low of $12.01 and a 1-year high of $14.72.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.